Hear experts in housing and tax policy discuss what a renters’ tax credit is, how it can provide needed help at a time when an increasing number of households are experiencing severe rent burdens, and how policy makers can best amend the Internal Revenue Code to provide a tax credit to help keep renters housed. The panel will discuss the elements of a renters’ tax credit, ongoing efforts in some states to provide relief to renters under state tax law, and lessons learned from other areas of federal law. Panelists will also address other forms of tax relief that can provide relief and a measure of income security to those experiencing severe rent burdens, including reinstatement of the advanced Child Tax Credit (CTC) and expansion of the Low-Income Housing Tax Credit (LIHTC).
Co-Sponsors: ABA Commission on Domestic and Sexual Violence, ABA Commission on Homelessness & Poverty, ABA Section of Taxation